Metalac a.d. , Gornji Milanovac (XBEL:MTLC) ROCE % : 0.55% (As of Mar. 2024)

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What is Metalac a.d. , Gornji Milanovac ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Metalac a.d. , Gornji Milanovac's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.55%.

Metalac a.d. , Gornji Milanovac ROCE % Historical Data

The historical data trend for Metalac a.d. , Gornji Milanovac's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Metalac a.d. , Gornji Milanovac ROCE % Chart

Metalac a.d. , Gornji Milanovac Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.35

8.47

8.25

10.65

10.58

Metalac a.d. , Gornji Milanovac Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															36.43	0.07	22.52	-2.82	0.55

Metalac a.d. , Gornji Milanovac ROCE % Calculation

Metalac a.d. , Gornji Milanovac's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	768.708	/	( ( (9437.441 - 2607.36)	+	(10584.777 - 2886.293) )	/ 2 )
	=	768.708	/	( (6830.081	+	7698.484)	/ 2 )
	=	768.708	/	7264.2825
	=	10.58 %

Metalac a.d. , Gornji Milanovac's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	21.168	/	( ( (4410.277 - 546.897)	+	(4225.334 - 368.184) )	/ 2 )
	=	21.168	/	( ( 3863.38	+	3857.15 )	/ 2 )
	=	21.168	/	3860.265
	=	0.55 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Metalac a.d. , Gornji Milanovac (XBEL:MTLC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Metalac a.d. , Gornji Milanovac (XBEL:MTLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalac a.d. , Gornji Milanovac (XBEL:MTLC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kneza Aleksandra 212, Gornji Milanovac, SRB, 32300

Website

http://www.metalac.com

Metalac a.d. , Gornji Milanovac produces and sells enamel, Teflon-coated, aluminum and stainless-steel cookware. It also sells water heaters, transport and luxurious cardboard packing materials, steel products, and others.

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